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Enron’s Former Chief Accounting Officer Sentenced

Enron’s former chief accounting officer has been sentenced for his part in the company’s downfall. Houston Public Radio’s Ed Mayberry reports. Former chief accounting officer Richard Causey was sentenced to 5 1/2 years in prison by U.S. District Judge Sim Lake. Causey signed a plea deal shortly before he was to have gone on trial […]

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Enron’s former chief accounting officer has been sentenced for his part in the company’s downfall. Houston Public Radio’s Ed Mayberry reports.

Former chief accounting officer Richard Causey was sentenced to 5 1/2 years in prison by U.S. District Judge Sim Lake. Causey signed a plea deal shortly before he was to have gone on trial with Enron founder Ken Lay and former CEO Jeff Skilling.

Causey told the court before sentencing that he’s sorry for what the Enron family went through and he feels shame. He said stories about losses broke his heart. he said he never directly enriched himself, comments echoed by his attorney Reid Weingartener.

“It’s just a very important point and I want it to be emphasized, something he said in court, it’s a harsh sentence he will get through it, there was never one second in time when he acted to enrich himself or when he acted to harm Enron shareholders or employees or the company itself.”

Causey will wait until notified by the Bureau of Prisons before reporting for his sentence.

Ed Mayberry, Houston Public Radio News.

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